Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism.
B. the brain drain.
C. Malthusianism.
D. outsourcing.
Answer: B
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If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rate at 17 pesos per dollar then we can conclude that the peso is
(a) appreciated. (b) depreciated. (c) overvalued. (d) undervalued.
Consider the same market for nonalcoholic beer as in the previous question. How many "units" of beer will Cudweiser produce?
a. 667 b. 1,667 c. 2,333 d. 3,000
The type of unemployment that occurs because of a recession is called:
a. frictional unemployment. b. seasonal unemployment. c. natural unemployment. d. cyclical unemployment.
If the multiplier is 4, a decrease in spending equal to $80 billion will be accompanied by a decrease in GDP of
a. $480 billion. b. $320 billion. c. $240 billion. d. $84 billion. e. $48 billion.